SAN ANTONIO - In 2013, developers added 4,000 apartment units to the local multifamily sector, according to a report by Institutional Property Advisors (IPA). In 2014, that number will be even bigger — with developers on track to add 4,700 units to the local multifamily landscape.

Even as the number of units being added to the market is expected to be on the rise, vacancies are expected to go down. The city may be adding more apartment units, but it is also adding more jobs.

In 2013, San Antonio added roughly 8,100 jobs. In 2014, the Alamo City is on track to add 25,000 jobs, according to IPA.

IPA reports that the local apartment market ended 2013 by posting a vacancy rate of 6.4 percent. In 2014, this real estate sector is expected to end the year posting a vacancy rate of 6.3 percent.